So while they can promise you immediate funds, they can’t do a whole lot to get your money back after it’s been stolen.In Conclusion Advantages of Debit That’s my quick and dirty guide to debit vs credit.2) Your bank pays the bill for you, but you now owe them for that and for saving your sorry ass.That fun little surcharge is called an overdraft fee, which brings us to 3) Overdraft Protection.So a few months back, I wrote The Responsible One’s Guide to Convincing Credit Companies You’re Not a Worthless Bag of Shit, and recently I received a question asking about the difference between credit and debit, so this is what that is. Debit cards, also called bank cards, are the new cash.They’re this piece of plastic that you can use to buy shit pretty much wherever and they’re linked directly to your checking account.So anyway, now you owe a shit ton of money because you used more than you had. Maybe you’re one of those poor unfortunate souls that only gets paid once a month and you’re still a week and a half away from payday and no matter how much you want to see the Wiggles, you need like, food and shit.
That someone else is a major company and they will either be your best friend or your worst enemy, so be very careful here.Maybe you went out and bought 0 worth of My Little Pony memorabilia because you’ve never had that much money at once and you panicked and spent it all immediately. You’re probably looking at something pretty high, unfortunately.Actually, 18% might look like a fever dream to you. Because they can help you pay for big ticket items like washer/dryer sets and concert tickets while you’re waiting for your next paycheck.(See Citi refund )Rate survey: Average card APR holds steady at 16.41 percent -- Feb.21, 2018: Interest rates on new credit card offers didn’t budge this week, according to the Credit Weekly Credit Card Rate Report. (See Weekly rate report)Credit card on/off switches: More card issuers adding them -- The digital switches give cardholders greater control over their accounts and can help reduce card fraud. (See Credit card on/off switches)5 months after Equifax breach, no new data security rules -- Five months after Equifax data breach, debate over tighter security rules continues – but new tools let individuals lock their credit files. (See After Equifax, still no data security rules)Rate survey: Average card APR stays put at 16.41 percent -- Feb.